The ROX ecosystem is a composition of several elements, and the ROX supply and demand is one of the central elements. It is the most obvious demand and supply for ROX currently coming together through third party crypto exchange dealers and they are offering a 24-hour a day P2P ROX markets, which means that transactions are completed between two participants via block chain technology. HitBTC, IDEX and Escodex which at the moment dominate the ROX exchange.
One of the reasons why there is a dynamic demand and supply on the crypto exchange market is because there’s a popular belief that the exchange rate will experience an increase. When such expectation of a future shift in the exchange rate occurs, the demand and supply becomes affected.
Besides, a popular occurrence is the fact that early adopters hold on to their tokens when they expect the exchange rate to strengthen in the future and they set positive scenario for potential exchange rate appreciation.
Definitely, when such happens, the fact that there’s an appreciation, it can lead other market participants to believe that future appreciation is likely thereby leading to even further appreciation.
This is basically the reason behind the belief that the future path of exchange rates can be self-reinforcing because new people come in often, price goes up, people get more excited and on it goes. Another extreme short run, ranging from a few minutes to a few weeks, there are also speculators who give predictions that exchange rates will grow stronger and these are huge influencers who also affect the exchange rates.
In the medium run of a few months or a few years, exchange rate markets are influenced by maturity of project and token economics.